Elm Grove, WI Cost Of Living
Cost Of Living In Elm Grove, WI Summary
Cost of living in Elm Grove research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Elm Grove is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Wisconsin, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Elm Grove is 115, with 100 being the average.
The cost of living index in Elm Grove is 1.1x higher than the national average.
Elm Grove ranks as the #135 cheapest in Wisconsin out of 143.
Elm Grove ranks as the #4,492 cheapest out of 6,412 in the US.
The median home value in Elm Grove is $412,800.
The median income in Elm Grove is $115,459.
Table Of Contents
Elm Grove's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Elm Grove, WI?
According to the most recent data on the cost of living, Elm Grove has an overall cost of living index of 115, which is 1.1x higher than the national index of 100.
Compared to Wisconsin, Elm Grove has a cost of living index that's 1.2x higher than Wisconsin's index of 95.
The standard of living in Elm Grove ranks as #135 most affordable out of the 143 places we measured in Wisconsin. By definition, that implies Elm Grove ranks as the #8 most expensive place in the Badger State.
For more reading on life in Elm Grove, check out:
- Living In Elm Grove
- Elm Grove Crime Report
- Search Homes For Sale In Elm Grove, WI
In Wisconsin
In America
Elm Grove Cost Of Living Vs. Wisconsin
Six factors go into calculating the cost of living index in Elm Grove. Here is how it fairs on each of the criteria:
The Services index in Elm Grove is 94.
The Groceries index in Elm Grove is 97.
The Health index in Elm Grove is 111.
The Housing index in Elm Grove is 164.
The Transportation index in Elm Grove is 93.
The Utilities index in Elm Grove is 96.
| Living Expense | Elm Grove | Wisconsin | National Average | |
|---|---|---|---|---|
| Overall | 115 | 95 | 100 | |
| Services | 94 | 97 | 100 | |
| Groceries | 97 | 98 | 100 | |
| Health | 111 | 114 | 100 | |
| Housing | 164 | 84 | 100 | |
| Transportation | 93 | 96 | 100 | |
| Utilities | 96 | 103 | 100 | |
Elm Grove, WI Housing Cost Breakdown
Housing swings affordability the most between places in Wisconsin, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Elm Grove is $412,800.
The Median Rent in Elm Grove is $1,256.
The Median Income in Elm Grove is $115,459.
The Home Value To Income in Elm Grove is 3.6x.
The Rent To Monthly Income in Elm Grove is 0.13x.
| Statistic | Elm Grove | Wisconsin | United States |
|---|---|---|---|
| Median Home Value | $412,800 | $200,400 | $244,900 |
| Median Rent | $1,256 | $916 | $1,163 |
| Median Income | $115,459 | $67,080 | $69,021 |
| Home Value To Income | 3.6x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.13x | 0.16x | 0.2x |
Median Home Value
Median Rent
Median Income
Elm Grove, WI Costs By Category
Detailed Elm Grove Services Costs Vs. Wisconsin
Detailed Elm Grove Groceries Costs Vs. Wisconsin
Detailed Elm Grove Health Costs Vs. Wisconsin
Detailed Elm Grove Transportation Costs Vs. Wisconsin
Detailed Elm Grove Utilities Costs Vs. Wisconsin
Elm Grove SnackAbility
/10
Cost Of Living In Cities Around Elm Grove
The cost of living varies in the cities and towns around Elm Grove. Here's a quick look at the cost of living in the most populous nearby places:
Milwaukee, WI has a cost of living index of 89, 0.8x Elm Grove.
West Allis, WI has a cost of living index of 92, 0.8x Elm Grove.
Wauwatosa, WI has a cost of living index of 102, 0.9x Elm Grove.
| City | Population | Cost Of Living | Vs. Elm Grove |
|---|---|---|---|
| Milwaukee, WI | 578,198 | 89 | 0.8x |
| West Allis, WI | 60,220 | 92 | 0.8x |
| Wauwatosa, WI | 48,072 | 102 | 0.9x |
| Brookfield, WI | 41,020 | 112 | 1.0x |
| New Berlin, WI | 40,289 | 103 | 0.9x |
| Menomonee Falls, WI | 38,219 | 103 | 0.9x |
| Greenfield, WI | 37,623 | 93 | 0.8x |
| Mequon, WI | 24,814 | 119 | 1.0x |
| Whitefish Bay, WI | 14,818 | 120 | 1.0x |
| Cedarburg, WI | 12,109 | 105 | 0.9x |
